Analyst: The Federal Reserve's current policy stalemate may persist
Powered by ChatGPTAlliance Bernstein analyst Eric Winograd said that the latest inflation data did not reduce the uncertainty brought about by tariffs, and is likely to keep the Federal Reserve on hold. He said that the slight decline in the housing price index indicates that the underlying trend of lower inflation remains unchanged. However, the price increases of some commodities that may be affected by import tariffs have accelerated. Winograd said: "In fact, if it weren't for the tariff-related uncertainty, I think the Federal Open Market Committee (FOMC) would have enough confidence in this trend and would have already started cutting interest rates." He also said that the current policy stalemate may continue until the situation becomes clearer. (Golden Ten) [Odaily Planet Daily News]